Product liability is a critical area of concern for businesses involved in the manufacturing, distribution, or sale of products. A single defective product can lead to catastrophic consequences, including lawsuits, recalls, and irreparable damage to a company’s reputation. The financial implications of a product liability claim can be staggering, with legal fees, settlements, and regulatory fines quickly adding up.
Unfortunately, many businesses underestimate the likelihood of facing such claims, operating under the assumption that their products are flawless or that their existing coverage will suffice. This false sense of security often leaves companies unprepared for the financial and operational fallout of a liability claim. Moreover, the increasing complexity of global supply chains and stringent consumer protection laws have heightened the risks for businesses of all sizes. The Solution: Strive Insurance offers specialized products liability insurance to help businesses navigate these challenges and protect their bottom line. Our policies provide:
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1/8/2025
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